Nuveen LLC you have established a new position in gen Digital Inc., Acquiring 11,287,204 Shares Valued At Approximately $ 299.6 Million in the first quarter, Equating to About 1.83% Ownership Based On The Firm’s Latest Secry Philling.
The Move Adds to Institutional Major Backer to the Cybersecury Firm’s Register Amid Rising Analyst Support and Continued Operational Execution.
Gen Digital Shares Have Rallied Alongsis Imported Fundamentals, With The Company Reporting Quarterly Revenue of Roughly $ 1.26 Billion and Earnings Per Share of $ 0.64 on August 7, Both Ahead of Consensus, As Net Margin and Return On Equity Remaged Robust.
Following The Print, Multiple Brokers Lifted Targets, Including Wells Fargo, Which Raised ITS Price Objective to $ 40 with An “Overweight” Rating, Durable Citing Growth in Cyber Safety and Operating Sweet.
Returns Remain in Focus capital. GEN’S BOARD MAINTED ITS REGULAR QUARTERLY DIVIDEND OF $ 0.125 PER SHARE, WITH THE NEXT PAYMENT SLATED FOR SEPTERMER 10, 2025, REINFORCING TO SHAREHOLDER-FRIENDLY POLY POLYCINE DISCIPLINED BALANCE SHEET MANAGEMENT. Investor Relations Materials Indicate The Company Continue to Target Steady Eps Growth, Supported by Bookings momentum and a diversified consumer security portfolio.
Nuveen’s Addition Follows a Broader Pattern of Large-Scale Allocations Across ITS Portfolio This Quarter and Underscores Institutional Conviction in Gen’s Strategy and Cash Generation Profile.
For Market Participants, The Combination of Strengthening Guidance, Institutional Sponsorship Rising, and consisting dividends gen Digital Digital As a Defensive Growth Name Within Consumer Cyber Safety, With Catalyst Tied To Bookings Execution and Sustaled Demand for Identity for Identity and Device Protection.
